Some Retailers Commonly Use Prices That End in Certain Numbers

question 91

Multiple Choice

Some retailers commonly use prices that end in certain numbers. They seem to assume that their customers see prices with these numbers as substantially lower. This is:

• A) odd-even pricing.
• B) demand-backward pricing.
• C) leader pricing.
• D) prestige pricing.
• E) psychological pricing.

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Definitions:

Canadian Community Health Survey

A national survey conducted by Statistics Canada that collects information related to health status, healthcare utilization, and health determinants among the Canadian population.

Total Fat

The sum of all types of fats present in food or the diet, including saturated, unsaturated, and trans fats.

Overweight

A condition characterized by having more body weight than is considered normal or healthy for a specific height, often measured by the Body Mass Index (BMI).

Salt Consumption

The intake of sodium chloride as part of one's diet, significant for its impact on health, particularly in relation to blood pressure and heart health.